ML Capital Group, Inc. (OTCPK:MLCG) (Silverback ) acquired Headstart App Limited for $14 million on August 18, 2022. The consideration is paid in stock. Headstart will remain an independent wholly owned subsidiary of Silverback and will continue to be headquartered in London, UK. Silverback CEO Ron Bienvenu will serve as the interim CEO of Headstart during this integration period, and Nicholas Shekerdemian, Headstart's Co-Founder and Executive Chairman will be joining Silverback's Board of Directors as Vice Chairman. Spear Point Advisors, LLC served as Silverback's exclusive financial advisor for the transaction. The acquisition will be immediately accretive

ML Capital Group, Inc. (OTCPK:MLCG) completed the acquisition of Headstart App Limited on August 18, 2022.